The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-09-11
FINANCE FIJI AND MINING.
Don't You Hear the Rumble
of the Boom?
NEWS FROM MANY MINES
A Lively Week.. C. M. I. Jumping.
Real Estate Active.-salt Lakes
Future.-CheeriDgN News.

4uo acknowledgements III 1Hh hEhALD
that Conference would be held here this
yea, instead of at some of the outlying
towns, as has been the custom for sew
eral years past, had a rather livening
effect upon Salt Lake merchants during
the past week, who look forward to an
excellent trade in consequence. This
announcement had the effect of adding
new life to what had then proved to be
a very fair week in trade circles. A
brief rsmble yesterday among the prin-
cipal business houses brought nothing
but the most encouraging reports of
the weeks business, with the most
hopeful outlook for the future. The
fall trade has now fairly set in, and
from this time until after the holidays
business is sure to be on the increase.
Especially will this be the case when
work is commenced on the new railway
to the coast, which will give employ
ment to many men now idle, and have
q generally inspiriting effect upon the
entire country.
The brokers report money plentiful
under the same circumstances and con-
ditions as those quoted in these columns
last week-good security, and 1 per
cent. per month, or 10 per cent. per an
mum.
Sales OF q. @. NJ. 1. are recorded at
sos and Sl09.
Around the banks there is a good
deal of talk concerning local mining
stocks, and some sales are recorded.
Crescent sold at 81 cents; Apex at 30
cents; Anchor at So. so. and King of the
West at 81. Daily stands at $3.50, but
no transactions are known.
1t does not take the eye of an eagle
to discern that there is a good deal
going on in land circles in suppressed
but very earnest way. Real estate
brokers, some time ago, resolved that
in future they would conduct their
affairs on the principle of not letting
their left hand know what their right
was about, and they have not been
rushing into print with their sales,
as of yore, nevertheless, there are
3 good many transfers going on, and
foreign eyes still continue to gaze stead
Ily this way.
Mr.. Nat. NJ. Brigham, who conducts
. uGdNy rear cSbdIo UuSIucSS III Suudu6i
and who has benefited largely by the
prevalent boom, in conversation with a
HERALD reporter yesterday, said that
be had all his money invested in
Omaha till next spring. but by that
time he would have something 10 in !
vest, and he added significantly, that
be knew what to do with it when the 4
time came. Those who bought now in (
Salt Lake, he said, were the lucky ones;
the boom was inevitable, and was at !
hand. when 1 think" he said, "of |
what we have done for Omaha, with |
only our hogs and our corn to back US, |
and when think what Salt Lake has
hat we never dreamed of possessing, 1 |
lm amazed to think that the boom has |
not come before" Mr.. Brigham said |
he thought something of entering in
business here next year.
c. E, Pomeroy, the broker, probably |
IS cautious, conservative and "bearish"
A dealer as there is in the city. is just
back from a stay in the east, and joins
n the general chorus that all eyes are
cooking this way, and that the boom is
steadily marching towards US.